Within large cooking appliances in India, local households continue to prefer traditional options such as freestanding hobs. This resulted in limited uptake of built-in large appliances in 2024.

While overall demand for large cooking appliances in Germany continues to decline, 2024 has seen a marginal upturn in retail volume sales of freestanding models. This trend reflects evolving consumer needs, demographic shifts, and economic factors shaping kitchen design and purchasing decisions. Freestanding large cooking appliances are increasingly favoured for their flexibility and practicality.

Retail volume sales of large cooking appliances in Ukraine maintained a strong upward trajectory in 2024. However, the extent of the slump in 2022 with the war in Ukraine meant that retail volume sales of large cooking appliances remained below the 2021 level at the end of the review period. While most households consider large cooking appliances to be essential, replacement cycles tend to be long for such big-ticket appliances.

Retail volume sales of large cooking appliances declined in Israel in 2024. However, gas fuelled ovens gained a lot of traction over 2024 as people feared a more widespread war and further electricity outages. As a result of this fear, sales of electric ovens and grills were damaged as people were looking for large cooking appliances that they could use in the event of a prolonged lack of electricity. Retailers noted over 2024 that people who had an electric stove at home were also purchasing ga

Large cooking appliances in South Korea is set to face its third consecutive year of retail volume decline in 2024. In addition to sales normalising after the growth seen during the pandemic, this is due to the economic downturn, and a slowdown in the real estate market. Some consumers are opting to continue using their existing appliances, driven by the rising cost of living and tighter household budgets. Electric built-in hobs, which had experienced dynamic growth during the pandemic, has also

Cost of living pressures caused by inflation and interest rate hikes are having a negative impact on household spending power in Sweden, with big-ticket items such as large cooking appliances feeling the impact of this trend in 2024. More broadly, the current weakness in the economic climate has led to a slowdown in the housing market, leading to low demand for large cooking appliances. This was notable in built-in appliances where there is a positive correlation between the housing market and d

Large cooking appliances in Portugal witnessed volume sales decline over 2024 due to category maturity and previous replacements registered during the COVID-19 pandemic. Kitchen refurbishment fever took hold following the pandemic, but sales began to contract from 2021 as the trend lost traction. Additionally, economic constraints have led many households to postpone buying major appliance replacements unless it is essential.

Large cooking appliances in Taiwan is going through a period of adjustment following the extraordinary demand during the pandemic years. With pandemic restrictions introduced in late 2022, many consumers have chosen to invest in outbound travel and experiences instead of home improvements and appliances. Retail volume sales remained in decline over 2024, although the situation has improved year on year. The weak housing market since the pandemic has only exacerbated the situation for players. Mo

Retail volume sales of large cooking appliances are set to decline in Norway in 2024. Consumer purchasing power has been hit by cost of living pressures, inflation and higher for longer interest rates. This environment is weakening consumer sentiment and negatively impacting households’ ability and willingness to spend on big-ticket items, such as large cooking appliances. More broadly, the weakness in the economic climate has significantly slowed the housing market, which exerts a notable downw

In large cooking appliances, the rising cost of electricity and VAT hikes from the Moroccan government resulted in lower volume growth over 2024. Consumers prefer gas ovens over electric as the running costs are lower due to gas subsidises provided by the government. Gas cannisters are very affordable in Morocco and easy to come by making gas ovens increasingly attractive to highly price sensitive consumers. Nonetheless, the reliance on gas appliances is limiting sales of electric cooking applia

The elevated cost of living and interest rates have reduced consumers’ confidence, having a direct impact on their willingness to invest in large cooking appliances in Australia. According to Euromonitor International’s Voice of the Consumer: Lifestyles Survey (fielded January to February 2024), approximately 80% of respondents are concerned that the cost of everyday items is rising, while at the same time, only 19% of respondents stated that they were going to increase their spending on new tec

The private housing supply predicted for 2024 is set to double to approximately 21,000 units compared to the pre-pandemic period, resulting in increasing demand for large cooking appliances in Hong Kong. Following a spike in new residential housing, especially following the resumption of renovation projects towards the end of the review period, demand for the dominant built-in large cooking appliances continues to grow in 2024. Many local consumers, especially younger households, prefer products

Amid strong increases in the average retail current unit price of large cooking appliances in Egypt, overall retail volume sales rose very marginally in 2024. Almost all categories saw marginal-to-slight increases. The exception was cooker hoods, with a slight drop in demand. Meanwhile, the dominant category cookers shapes large cooking appliances in Egypt. Cookers already enjoy high household penetration in the market. Thus, penetration and retail volume sales only rose gradually at the end of

Even though inflation fell in 2024, consumer purchasing power in Romania remained weak and the effects of soaring prices from 2022 and 2023 still lingered. Consequently, volume sales of large cooking appliances registered a timid increase, compared to more vigorous growth in current value terms. This reflects the impact of both stubborn inflation and premiumisation. With a growing number of credit solutions, Romanians preferred to invest in premium brands but to pay in instalments so the overall

2024 was a challenging year for large cooking appliances in the Netherlands, with a stagnating housing market creating significant headwinds. This downturn can be attributed to the broader slowdown in the housing market, where both new constructions and existing home sales fell short of expectations, with the cost of borrowing increasing due to higher interest rates. Consumers also delayed major home improvements and renovations due to economic uncertainty, elevated inflation and the higher cost

Almost all categories of large cooking appliances in Greece posted retail volume growth in 2024. Within built-in hobs, the induction format was the key growth driver, in both new and replacement purchases. Consumer awareness of the format has been growing, driving a wave of replacement purchases with more consumers shifting from vitroceramic to induction hobs. The bulk of retail volume sales of new purchases also derived from the induction format. Meanwhile, the strong increase in product variet

Large cooking appliances posted a mild recovery in volume sales growth over 2024 due to the improved economy and a slight recovery in consumer purchasing power. Induction hobs are firmly established as the most popular format of built-in hobs among Polish consumers and this trend remained strong in 2024. The inherent safety features of induction hobs, such as surfaces that remain cool to the touch and automatic shut-off functions, appeal to families with children and those concerned about kitche

Retail volume sales of large cooking appliances are set to decline slightly in Hungary in 2024. Large cooking appliances have commanded high prices, which have deterred consumers whose purchasing power took a hit during a period of high inflation. Therefore, all products within the large cooking appliances category have seen falling volume sales despite the situation with inflation significantly easing during the second half of the year. Cookers, especially those that used gas, were losing popul

In 2024, large cooking appliances in Vietnam continued to see overall retail volume sales decline, albeit at a slower rate than in the previous years of the review period. Built-in hobs was the exception at the end of the review period, with a slight rebound in retail volume sales in 2024, after four years of decline. However, only built-in hobs and cooker hoods recorded significant retail volume sales. Meanwhile, retail volume sales of ovens, cookers and range cookers remained negligible.

Large cooking appliances reported moderate growth in retail volume terms in 2024 similar to the performance seen the previous year. While the property market delivered disappointing results in 2024 demand was supported by more stable rates of inflation and signs of improvement in the economy which helped to boost consumer confidence. Built-in large cooking appliances remained the driving force behind the category’s growth with cookers all but disappearing from the market. Such has been the drop

In 2024, retail volume sales of large cooking appliances in Indonesia are set to continue to rise, driven by consumers from middle to higher income households who are willing and able to invest in enhancing their kitchens. These consumers prioritise both aesthetics and practicality, leading to increased sales of large cooking appliances. As they seek to improve their kitchen to better suit their needs, the market for premium and highly functional appliances has seen significant growth. This tren

Like all other major appliances categories, large cooking appliances is also expected to see a retail volume decline in 2024, following the slight fall in sales already seen in 2023. One of the main reasons for this is that sales of large cooking appliances are strongly linked to the housing market, and house prices and mortgage rates have both remained high in 2024, with mortgage rates not decreasing despite the Fed lowering overall interest rates. Many people have therefore been waiting for ra

Demand for large cooking appliances in the United Arab Emirates has fully recovered in 2024, despite the fact that inflation is influencing consumer spending patterns, leading to a more cautious approach to purchasing high-value items. However, there is still robust demand for premium appliances, particularly among higher-income households and in areas with significant expatriate populations.

The Nigerian economy has been hit by high inflation and currency devaluations leading to weak demand for high-ticket items like large cooking appliances. Consumers had higher priorities as the cost of food and energy climbed over 2024. Large cooking appliances, comprising freestanding cooker hoods and freestanding cookers, are mostly imported into Nigeria with brands subject to rising import costs and currency devaluation, which has pushed up retail prices. Consumers have simply been unable or u